Monthly Archives: July 2024

Technologies

Gartner Predicts 30% of Generative AI Projects Will Be Abandoned After Proof of Concept By End of 2025

 With GenAI, There Is No One-Size-Fits-All, and Costs Aren’t as Predictable as Other Technologies

DUBAI, UAE, July 29, 2024 – At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to Gartner, Inc.

Rita Sallam, Distinguished VP Analyst at Gartner said, “After last year’s hype, executives are impatient to see returns on GenAI investments, yet organizations are struggling to prove and realize value. As the scope of initiatives widen, the financial burden of developing and deploying GenAI models is increasingly felt.”

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Sports & Recreations

STARZPLAY Announces Thrilling UFC Fight Night in Abu Dhabi on August 3

Dubai, UAE, 29 July 2024: STARZPLAY, the leading subscription video on demand (SVOD) service in the MENA region, is thrilled to announce the highly anticipated UFC Fight Night, set to electrify Etihad Arena in Abu Dhabi on August 3, 2024. The event further cements Abu Dhabi’s positioning as a global hub for world-class sporting events, marking the 18th UFC event hosted in the emirate since UFC 112: INVINCIBLE in April 2010. 

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Business & Investments

EWEC Issues Request for Proposals for the Development of Madinat Zayed Independent Power Producer(IPP) Project in Abu Dhabi

The project will provide transitional capacity to support the accelerated integration of renewable energy into the system

Natural gasserves as a transitional fuel to provide additional flexibility and ensure a stable and reliable supply of power

Abu Dhabi, UAE – 29July2024:EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing and supply of water and electricity across the UAE,today issued a Request for Proposals (RFP) for the development of the Madinat Zayed Independent Power Producer (IPP) project, a new Open-Cycle Gas Turbine (OCGT) plantlocated in the Madinat Zayed area, approximately 120 kilometres southwest of Abu Dhabi City.

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Shopping & Promotions

DSS DAILY SURPRISES BRINGS INCREDIBLE BARGAINS IN FINAL WEEK OF ONE-DAY-ONLY OFFERS

DSS DAILY SURPRISES BRINGS INCREDIBLE BARGAINS IN FINAL WEEK OF ONE-DAY-ONLY OFFERS

Dubai, United Arab Emirates, 29July 2024:There’s still time for Dubai residents and visitors to bag their favourite brands at phenomenal prices this Dubai Summer Surprises (DSS) with exclusive, one-day-only discounts during the final week of the DSS Daily Surprises. Running until 4 August, shoppers can indulge in spectacular shopping sprees all week and enjoy incredible deals across fashion, accessories, fragrances, sports gear and apparel, home furnishings, and much more.

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Education, Technologies

RLtools: Technology Innovation Institute and New York University Debut Novel Reinforcement Learning Library

  • Innovative framework developed in partnership with New York University Agile Robotics and Perception Lab
  • RLtools aims to address critical training challenges in autonomoussystems

Abu Dhabi-UAE: 29 July 2024 – The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), today announced that its Autonomous Robotics Research Center (ARRC) has released RLtools, an open-source, groundbreaking reinforcement learning library that addresses critical training challenges in autonomous systems. Developed in collaboration with New York University’s Agile Robotics and Perception Lab, as part of a joint project, ‘Learning to Fly in Seconds’, this achievement marks the first instance of training high-speed, end-to-end drone controllers on a standard commercial grade computer.

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